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SEIS under FTP

The benefit under the SEIS is admissible on Mode 1 and Mode 2 services. Major services covered would include Legal, Accounting, Architectural, Engineering, Educational, Hospital services, Hotels and restaurants and other business services....

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Posted Under: DGFT |

India Needs to Fundamentally Alter its Export Strategy

All the Export Promotion Schemes of Foreign Trade Policy are designed with theme of Import led Export Growth. With this falls placed hypothesis more and more Imports are encouraged with liberally imposed export obligation. As a net the benefits are imaginary but puncturing huge hole into the Exchequer and also killing the Domestic Industr...

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Posted Under: DGFT |

Advisory for Simplified Auto Registration at ICEGATE

In a bid to simplify auto registration for the IEC holders, the Central Board of Indirect Taxes and Customs ( CBIC ) has informed that the IEC holders can register with the Goods and Services Tax Identification Number (GSTIN). It was said that no Digital Signature is required for the same. The facility is now […]...

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Posted Under: DGFT |

Transport and Marketing Assistance (TMA) : An Incentive Scheme to Boost Agri-Exports

As a part of implementation action plan of Agriculture Export Policy, 2018, which the Union Cabinet chaired by Prime Minister Shri Narendra Modi has approved in December 2018, with an aim to double the shipments to $60 billion by 2022 and integrating Indian farmers and agricultural products to the global value chain, the government now [&...

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Posted Under: DGFT |

“Modi”-Nomics : Vision to Double Agricultural Exports

The Union Cabinet chaired by Prime Minister Shri Narendra Modi has approved the Agriculture Export Policy, 2018.  The Cabinet has also approved the proposal for establishment of Monitoring Framework at Centre with Commerce as the nodal Department with representation from various line Ministries/Departments and Agencies and representative...

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Posted Under: DGFT |

Advance Authorization Scheme under GST

The vision behind the Foreign Trade Policy continues to be focused on making India a significant participant in world trade and on enabling the country to assume a position of leadership in international trade. The Policy is issued once in Five Years and the Current Policy is for the period 2015 – 20, Mid Term […]...

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Posted Under: DGFT |

Service Export from India Scheme: Revised FTP 2015-20

Service Export from India scheme 1. Introduction: The Government has introduced the Service Exports from India Scheme (SEIS) w.e.f. 01.04.2015 under the Foreign Trade Policy (FTP), 2015-20 replacing the earlier scheme ‘Served from India Scheme’ under the FTP, 2009-15. Under SEIS, the service providers of notified services are ince...

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Posted Under: DGFT |

Advance Authorization Scheme

Advance authorization is an order issued to endorse the import of duty-free inputs which are physically integrated into the export product. Its provisions extend to fuel, oil, energy, and catalysts which are consumed or utilized to obtain export products. This article looks at the regulations connected with Advance Authorization Scheme. W...

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Posted Under: DGFT |

Procedure to import pets into India

(1) Customs Circular No, 15/2013 dated 8/4/2013 allows import of two pet animals (dogs and cats only) as baggage only to persons who are transferring their residence to India after two years of continuous stay abroad subject to production of required health certificate from the country of origin and examination of the pets by the [&hellip...

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Posted Under: DGFT |

FAQs on provisions regarding Imports

Q.1 What is a ‘Restricted Item?Ans. All goods, import of which is permitted only with an Authorisation / Permission / License or in accordance with the procedure prescribed in a notification / public notice are ‘Restricted’ goods....

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Posted Under: DGFT |